Nevada Revised Statutes Title 7. Business Associations; Securities; Commodities § 88.435. Liability of person erroneously believing self to be limited partner

1. Except as provided in subsection 2, a person who makes a contribution to a business enterprise and erroneously but in good faith believes that the person has become a limited partner in the enterprise is not a general partner in the enterprise and is not bound by its obligations by reason of making the contribution, receiving distributions from the enterprise, or exercising any rights of a limited partner, if, on ascertaining the mistake, the person:

2. A person who makes a contribution of the kind described in subsection 1 is liable as a general partner to any third party who transacts business with the enterprise:

but in either case only if the third party actually believed in good faith that the person was a general partner at the time of the transaction.